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Saturday, January 03, 2015

Two Questions of Simple Interest solved through Video Lecture

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 years such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?

Above are two questions whose solution has been explained in this video. These questions video solutions will help you understand properly the basics of simple interest.

Your suggestions, comments and feedbacks are welcome. You can also post your doubts.